Watch Recorded Webinar: “Legal Update for California Appraisers

Recent Tax Court Decision Provides Another Warning for Appraisers Performing Conservation Easement Appraisals

Gorra v. Commissioner, U.S. Tax Court, T.C. Memo 2013-254. On November 12, 2013, the U.S. Tax Court decided a petition challenging the IRS’ disallowance of a tax deduction for a donated conservation/preservation easement.  The donated easement was for the ostensible purpose of preserving a building façade and other historical characteristics of Read more…

Navigators Insurance Company Sues Appraiser to Deny Coverage Under “Regulatory Claims”/FDIC Exclusion

Update: Navigators has sued three more appraisers to deny coverage under the same “regulatory claims” exclusion discussed in the post below.  The more recent lawsuits are discussed in this later post.  Yesterday, appraiser E&O provider Navigators Insurance Company filed a lawsuit in Florida against one of its own insured appraisers.  In Read more…